EX-12.7 8 c11256exv12w7.htm EXHIBIT 12.7 Exhibit 12.7
EXHIBIT 12.7
METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2006 (b)     2007     2008     2009     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                                       
Income before extraordinary items
  $ (240,195 )   $ 95,463     $ 88,033     $ 55,523     $ 58,007  
Interest and other charges, before reduction for amounts capitalized and deferred
    47,385       51,022       43,651       56,683       52,829  
Provision for income taxes
    77,326       68,270       60,898       28,594       42,866  
Interest element of rentals charged to income (a)
    1,616       2,160       2,132       2,194       2,159  
 
                             
 
                                       
Earnings as defined
  $ (113,868 )   $ 216,915     $ 194,714     $ 142,994     $ 155,861  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                       
Interest before reduction for amounts capitalized and deferred
  $ 47,385     $ 51,022     $ 43,651     $ 56,683     $ 52,829  
Interest element of rentals charged to income (a)
    1,616       2,160       2,132       2,194       2,159  
 
                             
 
                                       
Fixed charges as defined
  $ 49,001     $ 53,182     $ 45,783     $ 58,877     $ 54,988  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    (2.32 )     4.08       4.25       2.43       2.83  
 
                             
 
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.
 
(b)  
The earnings as defined in 2006 would need to increase $162,869,000 for the fixed charge ratios to be 1.0.